Major vendors in SIEM market are IBM, HP, EMC, LogRhythm, McAfee, SolarWinds, and TIBCO Software and many more.

(PRWEB) February 27, 2014

The report "Security Information and Event Management Market by Solutions (Log and Event Management, Firewall Security Management, Patch Management, Others) - Market Forecasts and Analysis (2014-2019)" defines and segments the global SIEM market into various sub-segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the adoption trends.

The challenge to counter the increasing number of data breaches and compliance violations in organizations is enormous. The vendors in the SIEM market are constantly innovating and remodeling their existing architecture to develop better and more secure systems. Major vendors in the SIEM market are IBM, HP, EMC, LogRhythm, McAfee, SolarWinds, and TIBCO Software among others. The major forces driving this market are growing compliance and regulatory mandates and are rising level of sophistication of cybercrimes.

MarketsandMarkets forecasts the global SIEM market to grow from $2.57 billion in 2014 to $4.54 billion in 2019. In terms of regions, North America is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.